Quotes Gold XAU USD continued development of the fall and at the moment there is a potential for development of rapid reversal forex head and shoulders pattern with a view to fall below 1250. Cancellation option will be a strong growth of quotations and price of gold above the level of 1295, that likely to test the upper boundary descending channel.
XAU USD Forex Forecast Gold price on November 9, 2016
We continue to hold the sale and understand all of the risks the US presidential election results, which could trigger a collapse in gold prices in case of victory of Hillary Clinton, who just did took the lead on the results of the online broadcast of the election in the United States.
XAU USD Forex Forecast Gold price on November 9, 2016 suggests an attempt to fall within the framework of the completion of the descending forex model 1:1 with a view to a potential drop below the level of 1220.